Aurora Innovation (NASDAQ:AUR) Stock Price Up 9.2% – Here’s What Happened

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) rose 9.2% on Thursday . The company traded as high as $6.72 and last traded at $6.65. Approximately 2,170,571 shares changed hands during trading, a decline of 75% from the average daily volume of 8,537,036 shares. The stock had previously closed at $6.09.

Analyst Ratings Changes

Several research analysts have recently issued reports on AUR shares. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th.

Aurora Innovation Trading Down 0.6 %

The company has a market cap of $10.06 billion, a PE ratio of -13.08 and a beta of 2.80. The firm has a 50 day moving average of $5.11 and a two-hundred day moving average of $3.79.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01.

Institutional Trading of Aurora Innovation

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Aurora Innovation during the second quarter valued at approximately $30,000. Profund Advisors LLC purchased a new position in shares of Aurora Innovation in the second quarter worth $46,000. Empowered Funds LLC raised its stake in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Aurora Innovation during the second quarter valued at $51,000. Finally, Diversified Portfolios Inc. bought a new stake in Aurora Innovation in the 2nd quarter worth about $54,000. 44.71% of the stock is currently owned by institutional investors.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.